Have It" has grown from that single outlet to a medium-sized company with dozens ...

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Accounting

Have It" has grown from that single outlet to a medium-sized company with dozens
of stores located in six states, and a manufacturing plant that turns out designer
frames. A recent internal audit, however, suggested a problem that Rhett had not
anticipated. The study indicated that the U.S. market is just about saturated and
growth of "The Eyes Have It" stores will be very limited. The audit concerned Rhett
until he recognized an untapped market existed overseas. If people all over the world
have the same problem, the global market opportunities are fantastic! All in favor of
going global say: "The Eyes Have It"!
Rhett spoke with a Korean company that said it might be interested in producing his
products in their market. They would pay him a royalty for what they sold and would
bear all the start-up expenses of this effort. This Korean company is proposing a(n)
subsidiary agreement.
joint venture.
export-trading company.
licensing agreement.
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